Risk Management and

Financial Institutions, 6th Edition

Fully revised and updated the sixth edition contains much new material. In particular, it covers

· Climate risk, ESG and sustainability (Chapter 23)

· Recent regulatory changes

· The disappearance of LIBOR

· The use of machine learning models

The chapters have been re-sequenced to provide a more logical flow of material. Financial institutions, financial markets, and the management of different types of risk are now covered in the first 24 chapters with the regulation of financial institutions being in later chapters. Instructors who do not want to cover regulation will find this structure easier to deal with. Those who do cover regulation will probably agree that it is important that students have a good understanding of the risks first.